PEPE is at a critical stage of gaining momentum
Despite the recent short-term correction in the market, which has hit price lows since September, many veterans in the industry still have high expectations for its strong rebound at the end of the year. PEPE currency is currently in a typical "bullish pattern", which indicates that it may usher in a gorgeous transformation in the near future. Especially entering the fourth quarter, based on market momentum and fundamental analysis, we have reason to believe that PEPE currency is expected to achieve significant appreciation, and the increase may exceed three times.
PEPE's daily trading volume is extremely active, reaching a huge US$1.1 billion, showing the market's high attention and enthusiastic pursuit of it. Yesterday's slight rise added a bit of enthusiasm and confidence to this market. Interestingly, the force of shorting PEPE coins in the current market seems to be stronger, which to a certain extent may become the driving force for its upward breakthrough. If these short sellers make mistakes in their judgment, they may face considerable losses once the PEPE currency starts to rise. This potential "short squeeze" effect may become a catalyst for the PEPE currency to rise.
From a technical perspective, PEPE currency is gradually getting rid of the previous decline, and its price is actively seeking to break through two key resistance levels. Although the current technical indicators show that the market signals are slightly complicated, with both bullish and bearish sounds, it is worth noting that the bearish signals are gradually weakening, while the bullish signals are gradually converging, indicating that PEPE currency may have a breakthrough. Already close at hand.
The outstanding performance of transaction data and the frequent occurrence of large-amount transactions indicate that funds are paying close attention to and deploying PEPE coins. Although the user growth rate is slightly moderate, this steady growth adds more certainty and confidence to the future of PEPE currency.
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